Browsing HBS Scholarly Articles by Title
Now showing items 192-211 of 854
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Do analysts add value when they most can? Evidence from corporate spin-offs
(Wiley, 2013-07-19)This paper investigates how securities analysts help investors understand the value of diversification. By studying the research that analysts produce about companies that have announced corporate spinoffs, we gain unique ... -
Do Analysts Follow Managers Who Switch Companies? An Analysis of Relationships in the Capital Markets
(2014)We examine the importance of professional relationships developed between analysts and managers by investigating analyst coverage decisions in the context of CEO and CFO moves between publicly listed firms. We find that ... -
Do Bonuses Enhance Sales Productivity? A Dynamic Structural Analysis of Bonus-Based Compensation Plans
(2013-02-19)We estimate a dynamic structural model of sales force response to a bonus based compensation plan. Substantively, the paper sheds insights on how different elements of the compensation plan enhance productivity. We find ... -
Do CEO Activists Make a Difference? Evidence from a Field Experiment
(2016-03-30)Several CEOs are receiving significant media attention for taking public positions on controversial social and environmental issues largely unrelated to their core business, ranging from gay marriage to climate change to ... -
Do Experts or Crowd-Based Models Produce More Bias? Evidence from Encyclopædia Britannica and Wikipedia
(2018)Organizations today can use both crowds and experts to produce knowledge. While prior work compares the accuracy of crowd-produced and expert-produced knowledge, we compare bias in these two models in the context of contested ... -
Do interactions with Candidates Increase Voter Support and Participation? Experimental Evidence from Italy
(Wiley, 2020-10-20)We test whether politicians can use direct contact to reconnect with citizens, increase turnout, and win votes. During the 2014 Italian municipal elections, we randomly assigned 26,000 voters to receive visits from city ... -
Do Managers Matter? A Natural Experiment from 42 R&D Labs in India
(Oxford University Press (OUP), 2020-03)We exploit plausibly exogenous variation in the staggered entry of new managers into India’s 42 public R&D labs between 1994 and 2006 to study how alignment between the CEO and middle-level managers affect research ... -
Do People Who Care About Others Cooperate More? Experimental Evidence from Relative Incentive Pay
(2015-11-04)We experimentally study ways in which the social preferences of individuals and groups affect performance when faced with relative incentives. We also identify the mediating role that communication and leadership play in ... -
Do Powerful Politicians Cause Corporate Downsizing?
(University of Chicago Press, 2011)This paper employs a new empirical approach for identifying the impact of government spending on the private sector. Our key innovation is to use changes in congressional committee chairmanships as a source of exogenous ... -
Do Prices Determine Vertical Integration?
(Oxford University Press (OUP), 2015-12-01)What is the relationship between product prices and vertical integration? While the literature has focused on how integration affects prices, this paper provides evidence that prices can affect integration. Many theories ... -
Do Private Equity Firms Have Better Management Practices?
(American Economic Association, 2015)Using an innovative survey measure of management practices on over 15,000 firms, we find private equity firms are better managed than government, family, and privately owned firms, and have similar management to publicly ... -
Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure and the Low Risk Anomaly
(American Economic Association, 2015)Traditional capital structure theory predicts that reducing banks' leverage reduces the risk and cost of equity but does not change the weighted average cost of capital, and thus the rates for borrowers. We confirm that ... -
Dodging the Taxman: Firm Misreporting and Limits to Tax Enforcement
(2014-11-12)Reducing tax evasion is a key priority for many governments, particularly in developing countries. A growing literature has argued that the ability to verify taxpayer self-reports against reports from third parties is ... -
Does "Could" Lead to Good? Toward a Theory of Moral Insight
(2014-12-09)We introduce the construct of moral insight and study how it can be elicited when people face ethical dilemmas—challenging decisions that feature tradeoffs between competing and seemingly incompatible values. Moral insight ... -
Does "Liking" Lead to Loving? The Impact of Joining a Brand's Social Network on Marketing Outcomes
(2017)Does “liking” a brand on Facebook cause a person to view it more favorably? Or is “liking” simply a symptom of being fond of a brand? We disentangle these possibilities and find evidence for the latter: brand attitudes and ... -
Does Aggregated Returns Disclosure Increase Portfolio Risk Taking?
(Oxford University Press (OUP), 2017-06-09)Many experiments have found that participants take more investment risk if they see returns less frequently, see portfolio-level returns (rather than each individual asset’s returns), or see long-horizon (rather than ... -
Does Context Outweigh Individual Characteristics in Driving Voting Behavior? Evidence from Relocations within the United States
(American Economic Association, 2022-04-01)We measure the overall influence of contextual versus individual factors (e.g., voting rules and media as opposed to race and education) on voter behavior, and explore underlying mechanisms. Using a US-wide voter-level ... -
Does CVS–Aetna Spell the End of Business as Usual?
(New England Journal of Medicine (NEJM/MMS), 2018-02-15) -
Does front-loading taxation increase savings? Evidence from Roth 401(k) introductions
(Elsevier BV, 2017)Can governments increase private savings by taxing savings up front instead of in retirement? Roth 401(k) contributions are not tax-deductible in the contribution year, but withdrawals in retirement are untaxed. The more ... -
Does It Matter If Your Health Insurer Is For Profit? Effects of Ownership on Premiums, Insurance Coverage, and Medical Spending
(American Economic Association, 2019-02-01)There is limited empirical evidence about the impact of for-profit health insurers on various outcomes. I study the effects of conversions to for-profit status by Blue Cross and Blue Shield (BCBS) affiliates in 11 states, ...